Bitcoin Spot ETFs See $1.81 Billion Net Inflows, Marking Three Consecutive Weeks of Positive Momentum

In Brief:

Bitcoin spot ETFs have seen a net inflow of $1.81 billion last week, continuing a positive trend for the third consecutive week.

BlackRock's Bitcoin ETF leads the pack with a record $2.48 billion inflow, pushing its total historical net inflows to $43.68 billion.

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Bitcoin Spot ETF Continues to Attract Investors

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Bitcoin spot ETFs are seeing continued success in the market, with a net inflow of $1.81 billion recorded for the week of April 28 to May 2, according to SoSoValue data. This marks the third consecutive week of positive inflows for these financial products, which allow investors to gain exposure to Bitcoin without directly owning the cryptocurrency.

BlackRock’s Bitcoin ETF Takes the Lead

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BlackRock’s Bitcoin ETF, IBIT, had the highest net inflow during the past week, with a remarkable $2.48 billion in new investments. This significant inflow brings IBIT’s total historical net inflows to a whopping $43.68 billion, solidifying its position as a dominant player in the Bitcoin spot ETF market.

Grayscale and Ark Invest ETFs See Mixed Results

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Other Bitcoin ETFs, such as Grayscale’s Bitcoin mini trust ETF (BTC), also saw positive inflows of $41.92 million, bringing its historical net inflows to $1.31 billion. However, Ark Invest and 21Shares’ Bitcoin ETF, ARKB, experienced a net outflow of $458 million, marking a significant shift from previous trends. Despite this, ARKB’s cumulative net inflows still stand at $2.65 billion.

Bitcoin Spot ETFs at a Record High

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As of the latest data, the total net asset value of Bitcoin spot ETFs stands at $113.15 billion, with the ETF market value representing 5.87% of Bitcoin’s total market capitalization. The cumulative historical net inflows have now reached $40.24 billion, reflecting growing interest in Bitcoin exposure through traditional financial instruments.

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